Denver, CO – December 1, 2020 – Crest Rock Partners (“Crest Rock”), a Denver-based private equity firm investing in lower middle market software, technology, services and manufacturing businesses, today proudly announced a majority investment in Lumin8 Transportation Technologies (“Lumin8” or the “Company”). Formed in 2020 and headquartered in Arvada, Colorado, with additional offices in Marietta and Newnan, Georgia, Lumin8 is a leading provider of traffic and intelligent transportation systems (“ITS”) services and technology. Members of Lumin8’s management team invested alongside Crest Rock.
Lumin8 was formed through the merger of three leading players in the traffic and ITS services and technology industries: W.L. Contractors (“WL”), Carlson Construction Services (“Carlson”) and Wilburn Engineering (“Wilburn”). The combined business represents one of the largest providers in the industry, boasting over 250 employees and serving government entities, agencies, and national contractors throughout the mountain west and southeastern United States.
“By combining the talented workforces and the diverse technical and service capabilities of WL, Carlson, and Wilburn, we have created a platform that provides our customers with world-class traffic and ITS solutions tailored for their specific business and municipal needs,” said Larry Winkler, co-founder and CEO of Lumin8. “We are excited to start the next stage of our journey with Crest Rock, who bring extensive operational experience and share our strategic vision for Lumin8. We look forward to leveraging Crest Rock’s financial and operational support to fast-track our planned expansion throughout the United States and to accelerate the development of innovative products and services for our customers.”
“We are thrilled to partner with Lumin8 through their next phase of growth,” commented Steve Johnson, co-founder and partner at Crest Rock. “The Lumin8 team has done a tremendous job growing their individual businesses by consistently executing for their customers and by taking care of their employees. The combined company will benefit significantly from shared resources and expertise, which should catalyze further geographic expansion. We are excited to help the Lumin8 team take on what we believe to be an incredible opportunity in the US traffic and ITS markets.”
About Crest Rock Partners
Crest Rock is a Denver-based private equity firm focused on the lower middle market. Founded in 2019, the firm seeks investment opportunities where it can leverage its principals’ extensive operating and investing experience to help companies execute on their strategic initiatives. Through the team’s completion of over 45 acquisitions, divestitures, mergers, and integrations, Crest Rock has developed a differentiated investment process and partnership approach, working with management, founders, and other shareholders to establish alignment and achieve mutual objectives. Crest Rock targets control investments across multiple industry verticals, including software, technology, IT services, tech-enabled business services, and manufacturing with enterprise values ranging from $15 million to $150 million. For more information about Crest Rock Partners, please visit www.crestrockpartners.com.
About Lumin8 Transportation Technologies
Lumin8 Transportation Technologies is a provider of services and technology relating to traffic and intelligent transportation systems (“ITS”). Headquartered in Arvada, Colorado with offices in Marietta and Newnan, Georgia, Lumin8 has over 250 employees and serves customers throughout the mountain west and the southeastern United States, including large government entities & agencies and national contractors. For more information, please visit www.lumin8.com.